Shimtech Industries

Shimtech Industries is the global leader in the manufacture and supply of 'shims', a key component used by the global commercial and military aerospace markets to isolate two materials in the assembly of aerostructures.

Background

The
opportunity for Bridgepoint Development Capital to acquire the
business arose when Shimtech's parent needed to raise capital to
reduce leverage in its business. BDC believes that this is
potentially a good time to invest in the aerospace cycle as it is
forecast that the number of aircraft deliveries will double in the
next 20 years.

In May
2015 Shimtech was sold to Auctus Industries and Inflexion in
a transaction totalling $220 million.